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Inequality and the value of public natural capital
Meya, Jasper; Baumgärtner, Stefan; Drupp, Moritz A.; … - 2020
We study how income inequality affects the social value of a dynamic public good, such as natural capital. Our theory … values between study and policy contexts, or to up-scale values from study sites to the national scale. Our theory provides …
Persistent link: https://www.econbiz.de/10012387514
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The value of national defense : assessing public preferences for defense policy options
Qari, Salmai; Börger, Tobias; Lohse, Tim; Meyerhoff, … - 2023
Defense spending accounts for a large share of the budget in many countries, but the value of the resulting public good - national defense - has so far escaped assessment. Much of the literature has instead considered indirect benefits of defense spending in terms of greater economic growth or...
Persistent link: https://www.econbiz.de/10014450765
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Public-good valuation and intrafamily allocation
Strand, Jon (contributor) - 2004
I derive values of marginal changes in a public good for two-person households, measured alternatively by household member is̕ willingness to pay (WTP) for the good on behalf of the household, WTPi(H), or by the sum of individual WTP values across family members, WTP(C). Households are assumed...
Persistent link: https://www.econbiz.de/10002523824
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Equal sacrifice and fair burden sharing in a public goods economy
Buchholz, Wolfgang (contributor);  … - 2007
Persistent link: https://www.econbiz.de/10003497740
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Relative price changes of ecosystem services : evidence from Germany
Heckenhahn, Jonas; Drupp, Moritz A. - 2022
substitutable with manufactured goods and often exhibit considerably lower growth rates. Theory has shown that we should either … is scarce. We provide first comprehensive country-specific evidence, taking Germany as a case study. We estimate growth … studies in Germany. We find that the relative price of ecosystem services has increased by more than four percent per year in …
Persistent link: https://www.econbiz.de/10013168021
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Limited substitutability, relative price changes and the uplifting of public natural capital values
Drupp, Moritz A.; Turk, Zachary M.; Groom, Benjamin; … - 2024
While the global economy continues to grow, ecosystem services tend to stagnate or decline. Economic theory has shown … empirical evidence has been sparse to put theory into practice. To estimate the relative price change in ecosystem services that …
Persistent link: https://www.econbiz.de/10014551808
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Heterogeneous substitutability preferences
Drupp, Moritz A.; Meya, Jasper; Bos, Björn; Disque, Simon - 2024
We study the heterogeneity of preferences regarding the limited substitutability of environmental public goods vis-a-vis private consumption goods and how it affects the economic valuation of environmental public goods. We show theoretically that mean marginal willingness to pay for an...
Persistent link: https://www.econbiz.de/10014578444
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An analysis of peer effects on vaccination behavior using a model of privately provided public goods
Ibuka, Yoko; Itaya, Jun-ichi; Miyazato, Naomi - 2018
Traditional economic models of vaccination behavior simply assume that agents free-ride on the vaccination decisions of others. We provide three different models of private provision of a public good, such as a joint production model and a conjectural variation model, to explain how a positive...
Persistent link: https://www.econbiz.de/10011805101
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The willingness to pay for job amenities : evidence from mothers' return to work
Felfe, Christina - 2009
This study is the first to estimate mother's marginal willingness to pay (MWP) for job amenities directly. Its identification strategy relies on German maternity leave length. The key aspect of the maternal leave framework is that mothers can decide whether and when to return to their guaranteed...
Persistent link: https://www.econbiz.de/10003872318
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Illusion of expertise in portfolio decisions : an experimental approach
Fellner, Gerlinde; Güth, Werner; Maciejovsky, Boris - 2001
Overall, 72 subjects invest their endowment in four risky assets. Each com-bination of assets yields the same expected return and variance of returns. Illusion of expertise prevails when one prefers nevertheless the self-selected portfolio. After being randomly assigned to groups of four...
Persistent link: https://www.econbiz.de/10011408429